GeneralNeutralFortune Crypto · 5h ago7/10
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Alan Greenspan dies at 100. As Fed chair, he was hailed as the ‘Oracle’ but later admitted he made a mistake assuming banks could self-regulate
Alan Greenspan, the former Federal Reserve chairman who was widely celebrated as the 'Oracle' for his economic stewardship, died Monday at age 100 from complications of Parkinson's Disease. Greenspan's legacy remains complex—while he was revered during his tenure, he later acknowledged a critical failure in assuming banks could effectively self-regulate, a miscalculation that contributed to conditions leading to the 2008 financial crisis.
